Blockchain Technology Uses Case in Healthcare
Written By: Muhammad Shahzeb ( Researcher, Full Stack Developer )
Nowadays blockchain is the most prominent, important, and rising technology in the world. Many different types of companies are adopting this technology to advance the way of functioning. One of the most important industries which are ready to adopt blockchain technology uses in the healthcare industry.
Healthcare industries are facing some challenges that are:
- Bad data management
- Poor data security
- Drug traceability
- Tracking medical device
- Records of patients
- New innovations cost is very high
- Lack of advanced treatments access
If we look back towards two decades, we will realize hospitals are still functioning pretty much the same way with minor technology involved.
A blockchain is the simplest of terms, a time-stamped series of immutable information records that managed by many computers not by a single computer. it is decentralized. Every block’s data is secure & bound with each other.
That’s why blockchain technology uses has gained so much attention.
As we discuss blockchain technology is immutable, so no one can tamper the data of blocks. Hence blockchain is transparent. So, healthcare blockchain can keep our medical data secure and safe.
We all know that medical-related records tend to be separated by different health agencies, Making it difficult to define a patient’s medical history without asking their previous healthcare provider. This process can consume lots of time and the probability of error showing is high due to different factors like information medium and human mistake.
Blockchain technology has the ability to maintain an incorruptible, decentralized, and transparent log of all patients and staff. One more important thing, while blockchain is transparent it can also be private.It can be wrapping the identity of every individual with secure and complex codes that can ensure the protection of sensitivity of medical stakeholder data.
The decentralized characteristic of this technology also allows the doctors, patients, hospitals, pharmacists, and healthcare stakeholders which are involve in treatment to share the same information quickly, efficiently, and safely.
Imagine we have a network of block-chain healthcare industries where they own a patient’s treatment data. The patients are identified by their unique hash code ID. The hashing techniques allow the ID to secure the privacy of the patients.
As we know blockchain is Immutable and non-traceable in nature. Patients can easily send records to anyone and receive from anyone without any fear of data tampering or corruption. When medical records will generated and added to the healthcare block-chain then data will be completely safe and secure.
Many medical institutes and research sectors in many developed countries conduct research and clinical trials on many new different medications and drugs. Healthcare block-chain technology help to create a globally single database to collect, maintain, and put data into one place.
Another reason for the health sector to adopt blockchain technology is Insurance fraud which is affecting the healthcare industry. Insurance fraud happens when corrupt information providers submit wrong information and claims payable benefits.
Here is the flow of data and structure in blockchain healthcare:
Let’s see some potential blockchain technology uses”
Block-chain healthcare technology improves transparency, security and reduces the cost of the audit, and enhance the supply chain management of pharmaceuticals companies.
Data sharing in healthcare
Block-chain healthcare maintains the integrity of information sharing between healthcare providers, insurance companies, and patients.
EHRs and EMRs
Healthcare blockchain technology uses patients to control, manage their own data, and access by hospitals, doctors and laboratories past and present information of treatments.
Healthcare block-chain can use to facilitate micro-payments without involving a 3rd party. Healthcare block-chain offering a direct and trackable flow of multiple transactions.
Healthcare block-chain can improve R&D in the healthcare sector, boosting innovations, minimize costs at pharmaceutical companies, and quickly processing R&D on data gathered from research laboratories from all over the world.
Improve information security
Good data security means good patient’s safety. Healthcare blockchain guarantees the data provenance in healthcare and enhances the trust without the need for 3rd parties.
Healthcare blockchain can prevent unauthorized data access and improves data management security.